Circle Stock Is Getting Crushed. It Hasn’t Hit Bottom Yet, Analyst Says.
Market Intelligence Analysis
AI-PoweredCircle's stock has plummeted to a record low of $82.34, down from its IPO price, with an analyst suggesting it hasn't yet hit bottom.
Market impact analysis based on bearish sentiment with 63% confidence.
Article Context
After soaring in the wake of its blockbuster initial public offering, Circle Internet Group stock has swiftly come back to Earth. Circle shares hit a record closing low of $82.34 on Thursday, dipping below the $83.23 finish on June 5, its IPO date. Circle issues the USDC stablecoin, a type of cryptocurrency pegged to the U.S. dollar.
Analysis and insights provided by AnalystMarkets AI.